Use the periodic compound interest formula to solve the problem.Find the amount in a savings account at the end of 7 years if the amount originally deposited is $8000 and the interest rate is 7% compounded semiannually. Round to the nearest cent.
A. $14,244.51
B. $12,949.56
C. $10,178.23
D. $115,920.00
Answer: B
Mathematics
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